Data Center Switchgear Market is Forecasted to Reach US$ 13.6 Billion in 2031, Says Stratview Research

The global data center switchgear market is projected to witness a growth rate of 16.1% annually from 2024 to 2031, with an anticipated size of US$ 13.6 billion by 2031, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global data center switchgear market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights

Segment Insights on the Data Center Switchgear Market:

The report dives deep into the segmentation of the Data Center Switchgear market based on critical parameters:

Based on Data Center Type - The data center switchgear market is segmented into hyperscale, colocation, and enterprise based on the type of data center. Colocation data centers are expected to remain dominant during the forecast period. A colocation data center facilitates diverse client needs. For this, it requires robust power distribution systems and switchgear to ensure safety and reliability. A large proportion of the data centers around the world are colocation data centers, generating most of the demand for switchgear in data centers.

Hyperscale data centers will be the fastest-growing data center type in the market during the forecast period. With the advent of artificial intelligence, the demand for large hyperscale data centers surged drastically. The global data center capacity for hyperscale grew by 28% from 2019 to 2024. It justifies the exponential growth in demand for switchgear in hyperscale data centers.

Based on the Voltage Type - The market is segmented into low-voltage and medium-voltage switchgear. The prevalence of low-voltage switchgear in data centers is attributable to its importance in the power distribution of IT loads, server racks, and other critical facilities. Colocation and enterprise data centers target low-voltage systems significantly because of their low-cost nature and ease of installation. Furthermore, the continuous need for edge computing and distributed IT systems increases the use of low-voltage switchgear. Taking into account medium voltage switchgear, low voltage solutions are better adapted to the needs of most of the power demands of data center facilities, which consolidates its market leadership.

Demand for medium-voltage switchgear is rising, mostly as a result of its use in hyperscale data centers. Metal-enclosed switchgear dominates the medium voltage switchgear market due to its small size, low cost, and suitability for data center applications. Metal-enclosed switchgear is widely used in colocation and hyperscale data centers due to its space-saving design, ease of maintenance, and smooth integration with modular power distribution systems.  

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

Asia Pacific is likely to be the fastest-growing region for data center switchgear over the forecast period. Countries like China, India, Australia, and Japan are investing heavily in localizing data storage facilities. Asia-Pacific is making giant leaps toward innovations associated with AI and Cloud computing, generating an obvious need for data centers. Recently, India’s Reliance Industries announced its plans to build the world’s largest data center in the world. Partnerships among some major players like NVIDIA & Reliance, Tata Electronics & Powerchip Semiconductor Manufacturing Corporation are expected to boost investments in data centers, thereby increasing the demand for switchgear and busways.

Data Center Switchgear Market Drivers:

Some of the key drivers listed in the report are given below.

• The outburst of data generation, the increasing demand for AI-driven workloads, and the expansion of hyperscale and colocation facilities. With an impressive CAGR of approximately 18%, the data center industry ranks among one of the fastest-growing global industries.
• Advanced technologies such as AI-based automation, IoT-enabled smart switchgear, and energy-efficient solutions are revolutionizing power distribution infrastructure. These innovations enhance efficiency and reliability while supporting the growing demand for sustainable and intelligent power management systems.
• Despite these advancements, the industry faces challenges, including high costs and compatibility issues with existing infrastructure. However, the need for scalable and highly reliable power solutions in cloud computing and AI-based data centers presents lucrative growth opportunities. As businesses accelerate their digital transformation initiatives, sustainability and technological innovation will drive market expansion.
• The increasing emphasis on green energy solutions and automation is expected to shape the future of data center power management, ensuring efficiency and resilience.

Top Companies in the Data Center Switchgear Market:

The global market for Data Center Switchgear is highly concentrated, with the top four companies capturing a lion’s share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

-          Schneider Electric SE

-          ABB Company

-          Vertiv Holdings Co.

-          Eaton Corporation PLC

-          Siemens AG

-          Legrand Group

-          Cummins Inc.

-          Mitsubishi Electric Company

-          S&C Electric Company Inc.

-          Delta Electronics Inc.

Note: The above list does not necessarily include all the top players in the market.

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